# Overtime

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Overtime is Defi App's recurring 75-day trading competition. Each season features zero trading fees, cash back on margin, two leaderboards, and a progressive prize pool that grows with collective volume.

{% hint style="info" %}
You must use an embedded wallet to participate in Overtime. Learn how to [create an account](https://docs.defi.app/knowledge-base/onboarding/create-an-account) and [fund your account](https://docs.defi.app/knowledge-base/onboarding/fund-your-account) to get started.
{% endhint %}

## How it works

Overtime runs for 75 days per season. During that window, all perpetuals trading fees on Defi App are rebated, and participants compete across two leaderboards for a share of the prize pool. The more the community trades, the larger the prize pool becomes.

By using Defi App, you agree to the [Terms of Service](https://docs.defi.app/knowledge-base/legal/terms-of-service).

## Zero trading fees

All Defi App trading fees during Overtime are rebated. Fees are returned to participants in vested $HOME after the competition ends.

**Vesting terms for fee rebates**: 6-month cliff, 24-month linear unlock.

{% hint style="warning" %}
Fee rebates are paid in vested $HOME, not USDC. Tokens are not liquid at distribution.
{% endhint %}

## Cash back on margin

Traders earn up to 5% cash back on margin deposited, unlocked progressively based on trading volume. To earn the full 5%, you must generate trading volume equal to 100x your deposit.

| Deposit  | 5% cash back | Required volume |
| -------- | ------------ | --------------- |
| $1,000   | $50          | $100,000        |
| $10,000  | $500         | $1,000,000      |
| $50,000  | $2,500       | $5,000,000      |
| $100,000 | $5,000       | $10,000,000     |

Cash back is paid in vested $HOME with the same vesting schedule as fee rebates: 6-month cliff, 24-month linear unlock.

Only net deposits count (deposits minus withdrawals).

## Leaderboards

Overtime ranks participants on two leaderboards:

* **PnL leaderboard (70% of prizes)** rewards traders with the highest realized profit and loss. This leaderboard favors skill and strategy.
* **Volume leaderboard (30% of prizes)** rewards the most active traders by total trading volume. You do not need large capital to compete on this board.

## Progressive prize pool

The prize pool scales with collective trading volume across all Overtime participants. Higher total volume unlocks larger rewards.

| Collective volume | Prize pool unlocked |
| ----------------- | ------------------- |
| $1,000,000,000    | $250,000            |
| $2,500,000,000    | $500,000            |
| $5,000,000,000    | $1,000,000          |
| $10,000,000,000   | $2,500,000          |
| $20,000,000,000   | $5,000,000          |

A live progress bar tracks collective volume in real time.

{% hint style="info" %}
Prize pool milestones only unlock when the corresponding volume threshold is reached. The pool does not unlock retroactively.
{% endhint %}

## Referrals

Overtime participants can earn up to 43.75% of their referrals' trading fees in USDC. Referral rewards are structured across three tiers:

* **Level 1**: People you refer directly.
* **Level 2**: People referred by your Level 1 referrals.
* **Level 3**: People referred by your Level 2 referrals.

Referral rewards are paid in USDC with no vesting. Payouts are instant. For more details on referral tiers and rate calculation, see [Revenue Sharing](https://docs.defi.app/knowledge-base/trade-and-earn/revenue-sharing).

## Anti-gaming

Defi App enforces the following protections to ensure fair competition:

* Only net deposits (deposits minus withdrawals) are counted toward cash back eligibility.
* Delta-neutral and wash trading detection is active from day one.
* Minimum trade count and time between trades are required for leaderboard eligibility.
* Wallet clustering analysis is used to detect sybil behavior.

Violations are grounds for disqualification and may result in permanent exclusion from current and future competitions.

## Vesting schedule

Fee rebates and cash back are distributed in vested $HOME:

* **Cliff**: 6 months
* **Unlock**: 24-month linear vesting

Prizes are paid out in $HOME on this schedule:

* **20%** paid within 7 days of the season end
* **20%** staked for 3 months
* **20%** staked for 6 months
* **20%** staked for 9 months
* **20%** staked for 12 months

## Comparison

|                   | Other platforms | Defi App Overtime            |
| ----------------- | --------------- | ---------------------------- |
| Deposit match cap | $250            | Based on activity (uncapped) |
| AUM lock          | 90 to 180 days  | None                         |
| Free trading      | No              | Yes                          |
| Cash back         | No              | Up to 5%                     |
| Prize pool        | Fixed           | Progressive (up to $5M)      |
| Referral income   | Limited         | 43.75% of fees, instant USDC |